As per monthly charts NIFTY has to close above 10000 level to consider this as rally, otherwise it will treated as pull back retracement only.
if it breaks 333 level it can fall upto 308 levels, it may fill gap. moreover we can see lengthy falling candles with high volumes, indicating further downfall.
As per daily chart it has stuck in a good range beakout in either side can give good price momvement.
if GAIL Breaks lower support level it fall by as much as 10%.
If Escorts closes above 702 level, it can rally 6-8%.
NIFTY has closed below 200DMA indicating bearish trend. Recalling 2008 fall: NIFTY has fallen from a peak of 6300 to 2300, almost 60% fallen from its peak. however during that time it made lower lows to make it to that low levels. After consolidating at lower levels for nearly 6 months between 2400 and 3000 levels. it rallied almost 100% within 3 months from...
STAR Broke Resistance Trendlyne Zone, but closed below 200DMA on 15Min chart
it can fall upto 10379 fallowed by 10300
LICHFIN facing resistance from 200DMA on weekly chart, it either fall to 100 or 80. it may consolidate in the current level also
BANKNIFTY is consolidating in a narrow range, it is already opened in a gap down, which will act as resistance, so mostly downside breakout possible. moreover no positive news.
if it falls downside, it may fall upto 283 followed by 275. if it breaks upside, it may go upto 300.
if it closes above 29130, it may go upto 29260.
STAR is ready for Triangle breakout on 1 hour chart, has a support at 487 level. have been posting good quarterly results for last two quarters. if it breaks lower side next support is at 468 followed by 435. if it breaks upside 550 will be the target. This stock is making higher high's on daily chart.
Today it tried to break 200DMA with volume, but failed. there is a chance for it to break on monday. Soon there is a cross over for 200DMA with trend line. stock has tried multiple time to cross 200DMA. it is already bottomed out, Accumulate on every 10% DIP. From Q1, FY20-21 i.e Apr-2020, we can see sales volume growth in auto sector. JAMNA Is domestic market...
It has broke 200DMA which it is trying in the last few sessions with a high volume today. we can expect a target of 200.
Triangle breakout opportunity for AVENUE SUPERMARTS on weekly charts, consider recent good results by DMART. mostly breakout could be upside.
NOCIL facing 200DMA resistance and formed higher lows with double top on wheekly chart by creating triangle pattern. considering positive news for specialty chemicals sector, it could give breakout upside mostly.
There is Pole Flag formation on daily charge, either side of the break out will give momentum to the stock. if it is downside it will be 330.